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Business

Alibaba to buy out UCWeb in China's biggest Internet merger

BEIJING: Alibaba Group Holding Ltd says it will buy all the remaining shares of mobile browser firm UCWeb in the biggest merger in Chinese Internet history, as the e-commerce giant steps up its spending spree ahead of its US listing.

Business

UCWeb says Alibaba to buy remainder of Chinese mobile browser firm

BEIJING: China's Alibaba Group Holding Ltd will acquire the shares of mobile browser firm UCWeb it does not currently hold, a UCWeb spokesman said on Wednesday, as the e-commerce company keeps racking up investments before its U.S. listing.

TECH

The Alibaba culture: Kung fu commerce with a dash of theatre

When Jack Ma and his colleagues sat down in 2001 to lay out Alibaba's defining values, they named them after a martial arts technique drawn from Ma's love of kung fu novels and their heroic themes.

Business

GD Express to make Indonesian foray by year-end

KUALA LUMPUR: Courier service provider GD Express Carrier Bhd plans to set up a representative office in Indonesia by year-end.

TECH

As IPO nears, Alibaba prepares employees for US$40bil windfall

As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counseling employees on how to deal with the roughly US$41bil (RM132.61bil) they could unlock through a New York listing.

Economy

Alibaba preps employees for US$40bil windfall as IPO nears

HONG KONG: As Alibaba prepares for what could be the biggest tech company IPO to date, the Chinese e-commerce giant has been counselling employees on how to deal with the roughly US$41bil they could unlock through a New York listing.

Business

Fidelity Contrafund cuts Yahoo stake by 41% this year

BOSTON: Fidelity Investments Contrafund, the largest mutual fund investor in Yahoo Inc, cut its stake in the Internet media company by 41 percent during the first four months of 2014, according to the fund's latest disclosure.

Business

Alibaba to buy SingPost stake for US$249mil

SINGAPORE: A unit of Chinese e-commerce giant Alibaba Group Holdings Ltd will buy a minority stake in Singapore Post Ltd for S$312.5mil (US$249mil) to help set up an international e-commerce logistics business.

Business

China's JD.com to raise US$1.78bil from IPO

NEW YORK: Chinese e-commerce firm JD.com Inc’s has priced its US IPO above the marketing range to raise US$1.78bil, pointing to strong demand for bigger rival Alibaba Group Holding Inc upcoming mega float.

Business

JD.Com US IPO raises US$1.78bil, augurs well for Alibaba

REUTERS: Chinese e-commerce firm JD.com Inc has priced it US IPO above the marketing range to raise US$1.78bil, pointing to strong demand for bigger rival Alibaba Group Holding Inc upcoming mega float.